Good Morning,

The UK retail sector is in a buoyant mood as it emerges that the Christmas trading period has boosted a few companies’ sales figures today. None more so than Debenhams, whose like-for-like sales in 19 weeks up to January 9th came in at 1.9% against an expectation of -0.1%. Online sales surged, up 12% in the same period and up 36% during Christmas week itself. Black Friday also proved a resounding success for the company, again increasing sales and profitability.

Shares this morning are trading higher by a staggering 15% at 76p but only last November it was trading a further 18% higher at the 90p. If it wants to get back to those lofty heights and beyond, it will need to prove it can sustain a high level of performance all year round. Time will tell whether it can live up to today’s stellar figures.

Good Luck,

Vinay Sharma, Senior Trader



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